Ethereum 4 Hour Price Update
Updated September 12, 2020 03:18 PM GMT (11:18 AM EST)
Ethereum came into the current 4 hour candle up 0.68% ($2.51) from the open of the last 4 hour candle, marking the 2nd consecutive candle an increase has occurred. Ethereum outperformed all 5 assets in the Top Cryptos asset class since the last 4 hour candle. Congrats to its holders!
Ethereum Daily Price Recap
Ethereum came into today up 1.6% ($5.9) from the open of the day prior, marking the 3rd consecutive day an increase has occurred. This move happened on lower volume, as yesterday’s volume was down 34.79% from the day before — and down 32.45% from the same day the week before. Ethereum outperformed all 5 assets in the Top Cryptos asset class since the day prior. Congrats to its holders! The daily price chart of Ethereum below illustrates.
Ethereum Technical Analysis
Notably, Ethereum is now close to its 20 and 50 day averages, located at 388.25 and 383.07 respectively, and thus may be at a key juncture along those timeframes. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. It should be noted, though, that a trend in the opposite direction, going down, exists on the 14 and 30 day timeframes. This may setup an interesting opportunity for traders looking to buy dips in anticipation of the primary trend resuming. Or to view things another way, note that out of the past 30 days Ethereum’s price has gone up 18 them.
Overheard on Twitter
For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Ethereum for the past day were:
- From QwQiao:
Having played around with synthetic BTCs I’ve come to the conclusion that having BTC on Ethereum is incredibly bullish for BTC long term. It allows BTC to interact in a *highly programmatic* way as a reserve currency with other financial apps. It brings more liveliness to BTC.
- From JamesSpediacci:
*Uniswap finally makes using a DEX on Ethereum an enjoyable experience and a triumph for decentralization*SBF, Band CTO, CZ, and probably Justin Sun:
“Let’s collude to destroy it and make a centralized version so we make more money hehehe”SBF fanboys: “he’s such a genius <3” - From iamDCinvestor:
$YFI listed on Coinbase Pro is only the start. Eventually, it will end up on Coinbase.The super-high nominal token value will draw eyes, and interest. People will want to know what it’s about.And it will pull a new generation of users & investors into Ethereum DeFi overall.
In terms of news links for Ethereum here’s one to try:
Ethereum 2.0 is coming, unlikely to speed up enterprise DeFi adoption
According to Lubin, Ethereum 1.0 is a staking platform that enables the launch of Ethereum 2.0, which uses a proof-of-stake consensus mechanism….While enterprise adoption of Ethereum 2.0 may take a few years, it’s interesting to note that the idea of staking is gaining traction.